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Tag: manufacturing
Roadbuilding
Changing perceptions of road construction from ‘dirty’ to desired is needed to recruit workers, NAPA study says
When it comes to recruiting young workers, the asphalt road construction industry has an image problem. But when educated about the asphalt industry, perceptions change, study indicates.
February 13, 2020
Dealers
Flour to sell AMECO construction rental unit in effort to gain profitability
Fluor Corporation will sell its AMECO equipment services business along with its government-facing business, according to a report by DallasNews.com. The actions come after the Irving, Texas-based company reported its worst-ever quarterly performance and replaced its chairman, CEO and chief financial officer. Second quarter results showed the firm “took $714 million in pretax charges from […]
September 27, 2019
Construction Equipment
Doosan Bobcat opens Global Collaboration Center in downtown Minneapolis
The new center’s location gives the company access to talent to help complement the company’s current innovation teams and much more. More on Equipment World.
July 15, 2019
Dealers
Tobroco-Giant expands U.S. dealer presence, debuts compact wheel, utility loaders
Tobroco-Giant is actively soliciting dealers who are in the tree care, landscaping and road construction markets. More on Tobroco-Giant here on Equipment World.
July 4, 2018
Dealers
Terex Utilities building new plant on 55 acres in South Dakota
Terex Utilities plans to consolidate its Watertown, South Dakota, manufacturing operations into one new facility on 55 acres where it will house assembly, fiberglass, paint and installation operations for its aerial devices, digger derricks and auger drills. Currently, these operations are spread among 10 locations in the area, having been added over the years. The […]
May 1, 2018
Dealers
CCI: More contractors plan to buy equipment as confidence continues
The commercial construction industry has continued its optimism from 2017 into 2018, with increases in new business prospects, rising revenue forecasts and steady backlogs, according to the Commercial Construction Index. And for the third consecutive quarter, a higher percentage of contractors report that they expect to spend more on tools and equipment in the next […]
March 8, 2018
Dealers
Volvo CE parent enters U.S. securitization market for first time
According to a story on the website Asset Securitization Report, AB Volvo will enter the the U.S. securitization market for the first time to fund lines of credit for its truck, construction equipment, bus, marine and industrial engine dealerships. Previously, the company’s captive finance Volvo Financial Services funded lines of credit elsewhere, says the website. […]
November 7, 2017
Construction Equipment
Cat exiting “most severe downturn in 90-year history,” targets aftermarket services as key growth area
Between 2012 and 2016, Caterpillar experienced its most severe downturn in its 90-year history, with profits dropping by 40 percent. Now under the leadership of Jim Umpleby, who took over as company president this year, Caterpillar is focused on what it calls its “Operating & Execution” model. “Profitable growth will be at the center of […]
September 15, 2017
Business
Caterpillar to close 5 more plants, cut 670 jobs as part of cost reduction plan
As part of the company’s cost reduction plan introduced in the Fall of last year, Caterpillar has announced its latest round of layoffs with cuts affecting five facilities around the U.S. According to a report from the Associated Press, Cat will eliminate a total of 670 jobs and close plants in Illinois, Georgia, New Mexico, Wisconsin and China. However, production at these […]
February 1, 2016
Construction Equipment
Caterpillar to shutter global mining HQ, move jobs to South Milwaukee
Just weeks after Caterpillar announced a massive cost reduction plan and the departure of its top mining executive, the equipment manufacturer has decided to close down its global mining equipment headquarters in Oak Creek, Wisconsin. The good news for the employees at the $8.6 million Oak Creek facility is that all 250 jobs at the location will transitioned to a […]
October 9, 2015
Dealers
Vermeer names Ultimate Crew; Holt Cat hits VisionLink milestone; Orion expands & more in the latest Dealer and Manufacturing roundup
Vermeer names B&T Drainage winner of Ultimate Crew contest B&T Drainage from Marshall, Illinois, was named the winner of the Ultimate Crew Contest sponsored by Vermeer at last week’s International Construction & Utility Equipment Expo in Louisville. A panel of judges scored each team based on their times, accuracy, safety procedures and teamwork in completing a live drilling competition. […]
October 8, 2015
Business
Caterpillar to cut 230 workers in East Peoria; may move Joliet parts production to Mexico
The first workforce cuts of Caterpillar’s recently announced, extensive cost-cutting plan will come at the company’s East Peoria, Illinois plant. According to a report from the Peoria Journal Star, Cat will lay off 230 employees in East Peoria. The announcement came days after the company announced that it would cut as many as 10,000 jobs from its global workforce […]
October 7, 2015
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